Just my opinion however.Here is a stabilized look at the property:9,500 market rent (all 14 units at the rents you mention above)- 15% for vacancy, concessions and loss-to-lease = $8,075 effective gross incomesx 50% expenses= $4,037 monthly NOIx 12 months = $48,444 annual [email protected]% cap rate (lowest I'd go in this area) = $569,292

The communications from the borrower to the servicing company are filled with thanks and gratitude.  

You can send an offer directly to the seller without going through the agent but that may not be very effective.

LLC bank account, and things go from there.Also, if you are paying them interest etc, it is best to do this on a quarterly or better, yearly payment, due to cost and hassles involved in multiple small international transfers - more cost effective in one big lump.Hope this helps....

Communication is very important with any type of agency relationship. 

I guess I've been over reactioning to the effect soft hits have.

It will effect transactions all over the country. 

Hi, The homeowner, thru no fault of yours, is effectively being "demoted" to tenant.  

Good insurance is far more effective.

So you are saying that if this is my primary residence (which indeed it is and I could see myself living there for the next 10-20 years if not longer), it is probably best not to report remodeling costs ($50K) on my tax returns (as its effect on the overall adjusted cost basis of the property will depreciate to zero over 10-20 years) -- and that if I did, it would just be a hassle as it could open me up for an audit by the IRS?